not on facebook

Executive Remuneration: Notification of Transactions of Directors

09 Aug 2018, 18:31

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Posted today by the London Stock Exchange: ... 50435.html

Interesting, to note the base salaries from the RMG Annual Report:

The salaries for the Executive Directors for 2018-19 are:

• New Group CEO (Rico Back) £640,000*;
• CFO (Stuart Simpson) £450,000;
• CEO of Post and Parcels, Royal Mail UK (Sue Whalley) £450,000.

If you multiply the number of shares awarded under the "Long-Term Incentive Plan 2018 (LTIP 2018) Grant" times the current RMG share price approximately £4.57:

Rico Back: 140,052 x 4.57= £640,037.64 (Rounded £640,000)
Stewart Simpson: 98,474 x 4.57=£450,026.18 (Rounded £450,000)
Sue Whalley: 98,474 x 4.57=£450,026.18 (Rounded £450,000)

So essentially, it seems that the 2018 LTIP grant value equals the executive's base salary.

We can likely logically conclude then that the currently unpublished base salaries for some of the other PDMR executives listed are:

Shane O'Riordain, Director of Communications: 76,591 x 4.57= £350,020.87 (Rounded - £350,000)
Jon Millidge, Chief Risk and Governance Officer: 71,667 x 4.57= £327,518.19 (Rounded - £327,500)
Sally Ashford, Chief HR Officer: 65,649 x 4.57= £300,015.93 (Rounded - £300,000)

Is it just me, or does anyone else think that for a non-C-level, and a quite junior role like the Director of Communications, to be earning a £350,000 base salary is just a little bit bonkers?

Executive Remuneration: Notification of Transactions of Directors

12 Aug 2018, 23:13

Filthy money, no human being is worth more than 10 times that of another surely. Gross inequality again and again. Lets say the lowest rate for a full working week is £15000, you work it out.

Executive Remuneration: Notification of Transactions of Directors

13 Aug 2018, 09:20

Considering how terribly run the HR department is in RM there is no way the chief of HR should be given 300K per annum. They drag their feet and take so long to sort out new applicants that the good ones can't wait and find other jobs. Government figures cannot be relied upon but there is somewhere between 1.4 and 2 million people unemployed in the UK and yet we struggle to get replacement staff.

Previous page Next page

Page 1 of 1